Hilton Grand Vacations to Rebrand Hilton Craigendarroch Resort

Launches Transformation of Existing Hotel Rooms to Spacious Timeshare Accommodations

Renovation Fortifies Hilton Grand Vacations Brand Presence in Scotland

ORLANDO, FL (July 16, 2012) – Hilton Grand Vacations (“HGV”) today announced plans to renovate the existing 45 hotel rooms at the Hilton Craigendarroch into 32 spacious vacation ownership suites. The transition fortifies the company’s commitment to increase year-round leisure travel to the renowned destination in the Scottish Highlands. As part of this development, traditional hotel operations at the resort will be phased out as the property evolves to exclusively offer timeshare accommodations.

Hilton Grand Vacations already operates the 99 timeshare lodges at the resort in Ballater, an enterprise that has proven to be one of the most successful timeshare resorts in Europe. For more than 12 years, Craigendarroch has been among the most highly demanded destinations within the Hilton Grand Vacations Club portfolio. The forthcoming re-branding will include the conversion of the property’s existing hotel units into luxury suite accommodations to be sold as timeshare apartments. The leisure facilities which currently operate as part of the Country Club will also be refurbished. The resort will continue to offer Country Club memberships, as well as guest access to the restaurant and bar areas.

The transition, made possible through the support of Hilton Grand Vacations and parent company Hilton Worldwide, will take place over the next 12 months. Richard McIntosh, Managing Director for HGV in Europe/Middle East/ Africa, commented, “This is truly an exciting project to unfold in one of our key markets, and will no doubt serve to increase the amount of guests visiting the resort as well as the local area each year. With the resort in its 28th year, this re-positioning will ensure the property’s long-term existence not only as a central part of the tourism business in Royal Deeside, but also as an important local employer.”

Beyond Scotland, Hilton Grand Vacations continues brand expansion in Europe with the announcement of a new resort in Tuscany, Italy (due to open early in 2013). Prime Investimenti sri, an Italian real estate company based in Prato, Italy, announced earlier this year that it is to open a luxurious 31-apartment vacation ownership resort to be known as “Hilton Grand Vacations Club at Borgo alle Vigne” in the Tuscan countryside. Hilton Grand Vacations has been appointed to provide Sales and Marketing services for weekly vacation ownership intervals at the resort, and Best International has been appointed to provide Sales and Marketing services in connection with fractional intervals at the resort. HGV will also be responsible for providing homeowners’ association management services and resort operations.

About Hilton Grand Vacations

Hilton Resorts Corporation, dba Hilton Grand Vacations, is a division of Hilton Worldwide, recognized as the leading global hospitality company. Headquartered in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand name, high-quality vacation ownership resorts in select vacation destinations. The company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel, and reservation services for more than 180,000 Club Members. For more information, visit www.hiltongrandvacations.com.

About Hilton Worldwide

Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 93 years, Hilton Worldwide has offered business and leisure travellers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,800 hotels and timeshare properties, with 630,000 rooms in 91 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward programme Hilton HHonors®. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide

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